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Wednesday newspaper round-up: Telecoms companies, zero-hours contracts, Boeing

(Sharecast News) - The UK advertising watchdog has cracked down on marketing campaigns by telecoms companies including BT, EE, Virgin Media and O2 for misleading consumers about price rises added to their bills during their contracts. The Advertising Standards Authority (ASA) has issued a batch of rulings against ads run by BT, its subsidiaries EE and Plusnet, as well as TalkTalk, O2 and Virgin Media broadband. - Guardian

Boeing said on Tuesday that it had withdrawn its pay offer to about 33,000 US factory workers and no further negotiations were planned with their union representatives as a strike nears its fourth week. Boeing and the union held their latest round of negotiations with federal mediators on Monday and Tuesday, but talks collapsed and the sides were left locked in acrimonious stalemate showing no signs of being resolved anytime soon, a person briefed on the talks said. - Guardian

Jobs with zero-hours contracts attract 25pc more applicants than equivalent permanent roles, research has found, as Angela Rayner plots a crackdown on the controversial working arrangements. Academics at the London School of Economics (LSE) found workers on zero-hours contracts had "a very strong preference" for their set-up and were "willing to forgo some salary for the flexibility their contract offers." - Telegraph

More than two in five employers say they will cut their staff pension contributions where they can if the chancellor introduces national insurance on them in the budget this month. An informal poll of more than 600 employers found 42 per cent of those that pay more than the statutory minimum would reduce their contributions. - The Times

When Diversified Energy joined London's junior market seven years ago, it positioned itself as a rare and different prospect from the other oil and gas minnows. The American producer pledged to hand back bumper cash returns to investors, backed by a steady stream of cash from the unloved gas wells of the energy majors. The assurance was met with scepticism by some analysts even then, but for a time the company defied its critics, helping to propel its market value from just under £70 million at its admission to Aim to £1.1 billion in 2022. - The Times

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Thursday newspaper round-up: Höfner, Sotheby's, Christie's
(Sharecast News) - Ministers and senior MPs have warned that the UK's agreements with Donald Trump are "built on sand" after the Guardian established that the deal to avoid drug tariffs has no underlying text beyond limited headline terms. The "milestone" US-UK deal announced this month on pharmaceuticals, which will mean the NHS pays more for medicines in exchange for a promise of zero tariffs on the industry, still lacks a legal footing beyond top lines contained in two government press releases. - Guardian
Wednesday newspaper round-up: Grangemouth ethylene plant, Warner Bros, ChatGPT
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Tuesday newspaper round-up: Nissan, Morrisons, Ford
(Sharecast News) - Nissan has started the production of its latest electric car in Sunderland, a crucial step in the UK automotive industry's transition away from petrol and diesel. The Japanese manufacturer will launch the third generation of the Leaf on Tuesday, which was the first mass-market battery electric car to be built in the UK. Nissan has made 282,704 Leaf models at the north-east England plant so far. - Guardian
Monday newspaper round-up: Cryptocurrencies, jobs downturn, Cycle Pharma
(Sharecast News) - Cryptocurrencies will be regulated in a similar way to other financial products under legislation coming into force in 2027. The Treasury is drawing up rules that will require crypto companies to meet a set of standards overseen by the Financial Conduct Authority (FCA). Ministers have sought to overhaul the crypto market, which has ballooned in popularity as a way of investing money and making payments. Cryptocurrencies have not been subject to the same regulation as traditional financial products such as stocks and shares, which means that in many cases consumers do not enjoy the same level of protection. - Guardian

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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